Word: 1980s
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Dates: during 1990-1999
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...controversy over his financial ethics. In 1989 he was fined $30,000 by the Federal Election Commission for accepting illegal corporate donations during his 1984 Senate campaign. Gramm was also investigated, and later absolved, by the Senate Select Committee on Ethics over a land deal in the mid-1980s in which the owner of a soon-to-fail Texas S&L undercharged him for work on Gramm's vacation house in Maryland...
Indeed, Britain's sedate financial sector was deregulated in the 1980s-and suddenly the aggressive Americans and Japanese came crashing in with giant salaries garnished with even more gigantic bonuses for star traders. Young, ambitious people like Leeson were swept up in the scavenger hunt for talent, and Barings was for the first time managing a new kind of moneyspinner. "Traders were made overnight," says Valerie Thompson, who traded securities for Solomon Brothers in London for 15 years and watched the change. "Managers did not have time to train them properly. Leeson picked up a little bit of knowledge...
...1980S METS Article portrays them as chemically dependent underachievers...
Harvard became an investor in the late 1980s...
Sources familiar with the original investmentmade in the late 1980s said it had only recentlyturned bad. One blamed the wide-spread troubles ofthe clothing industry along with the hugeadvertising campaign launched by its majorcompetitor in the last few years...